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Oct 11, 2013
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of the debt ceiling and remove the ability for people to use the debt ceiling to take us hostage by using what mitch mcconnell proposed to get us out of the 2011 debt ceiling crisis and what he did and what's being called the mcconnell rule. he allowed the president to unilaterally raise the debt ceiling and congress can vote to disapprove. if the president wants the debt ceiling to be raised, he has to veto that measure and it could be overridden by two thirds of both houses. is there any sort of talk or discussion of some way of actually taking away this debt ceiling threat for the longer term? >> i think it's a possibility that could be in the cards in the larger budget discussion that you'd end up having between republicans and democrats trying to craft something after a temporarily debt ceiling increase, a temporary extension of the u.s. government. but krystal, i don't think we know how long the debt ceiling will be increased for. house republicans yesterday were talking about a six-week extension. but it could be longer than that. we just don't know any kind of the details ye
of the debt ceiling and remove the ability for people to use the debt ceiling to take us hostage by using what mitch mcconnell proposed to get us out of the 2011 debt ceiling crisis and what he did and what's being called the mcconnell rule. he allowed the president to unilaterally raise the debt ceiling and congress can vote to disapprove. if the president wants the debt ceiling to be raised, he has to veto that measure and it could be overridden by two thirds of both houses. is there any sort...
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Oct 7, 2013
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debt ceiling fight we'll have. joining me managing editor of the grio joy reid and joining us from the capital is republican congressman from oklahoma's fourth district deputy majority whip tom cole. congressman, thank you as always for joining us. >> alex, thank you. >> so congressman, a few months ago, two months ago to be precise you came on the show and you said the following. lets roll the actual tape. >> shutting down the government is a suicidal political tactic. eventually it will be reopened but the president will not have capitulated and you will have discredited yourself and along the way you've heard the american people. >> having said that, where do you think we are today and what do you think of the government shutdown. >> i would say i was pretty accurate by prophecy. frankly i think we have made more progress probably than most people understand. over half the government is back opening. it should never have been shut down, the defense department and civilian contractors and civilian workers. we vot
debt ceiling fight we'll have. joining me managing editor of the grio joy reid and joining us from the capital is republican congressman from oklahoma's fourth district deputy majority whip tom cole. congressman, thank you as always for joining us. >> alex, thank you. >> so congressman, a few months ago, two months ago to be precise you came on the show and you said the following. lets roll the actual tape. >> shutting down the government is a suicidal political tactic....
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Jan 5, 2013
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lift the debt ceiling. it will be clear because wall street will make it clear, the banking community will make it clear what the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people want us to get together and do something. it's why i was sad to see steve decide not to run for re-election because we need republicans, we need more republicans who are going to stand in there and say, yes, spending is the issue, but we've got to realize that we've got to have reasonable revenue that comes into the mix, and we've got to look at everything. when it comes to spending, defense cannot be a sacred cow. we have to look at everything, and we have to have legitimate entitlement reform. and on our side, mike
lift the debt ceiling. it will be clear because wall street will make it clear, the banking community will make it clear what the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people...
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Feb 6, 2013
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if you lost track of the debt ceiling and budget battles t came out of the debt limit deal. it was the white house's idea to hold washington's feet to the fire. the cuts were never supposed to happen. the committee that replaced them failed and at the start of the ewe near, the deal triggered even further until march 1st. we are faced with the looming cuts a few weeks away that boiled down to $85 billion that will be slashed by this fall if nothing happens. the focus has been on the cuts and the entire $1.2 trillion will be a 50-50 defense between defense and spending. to put us into perspective is the center for social inclusion. the sequester was designed to be something that would never happen. prot expect would scare washington into coming out with something else. there sounds out of washington, particularly from republicans that they might be okay with nothing happening and sequester being triggered. half is defense and half non-domestic discretionary spending. can you explain to people what would be cut if the sequester goes into effect. >> it's a pleasure to be here.
if you lost track of the debt ceiling and budget battles t came out of the debt limit deal. it was the white house's idea to hold washington's feet to the fire. the cuts were never supposed to happen. the committee that replaced them failed and at the start of the ewe near, the deal triggered even further until march 1st. we are faced with the looming cuts a few weeks away that boiled down to $85 billion that will be slashed by this fall if nothing happens. the focus has been on the cuts and...
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Sep 27, 2013
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do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled their big wish list for all the things that they want, in exchange for not sending the country into catastrophic default. the u.s. government is set to go into default on october 17th, three weeks from today. and republicans say that they will let that happen. they will crash our economy and likely crash the world economy, unless democrats agree to pretty much everything republicans have asked for over the last few years. they want to delay obama care for a year, they want to gut wall street reform, they want to approve the keys
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled...
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Sep 18, 2013
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if there is a budget package that includes the debt ceiling vote, it's not the debt ceiling that is driving the negotiations, it's stick into the budget negotiations because if you're going to take a bunch of votes any way, you might as well go ahead and stick that in there. you have never seen in the history of the united states, the debt ceiling or the threat of not raising the debt ceiling being youzed to extort a president or a governing party. and trying to force issues that have nothing to do with budget and have nothing to do with the debt. so, here's where we are and i think this is the bottom line and i want to make sure everybody's clear. i have presented a budget that deals with, continues to deal with our deficit effectively. i am prepared to work with democrats and republicans to deal with our long-term entitlement issues. and i am prepared to look at priorities that the republicans think we should be promoting and priorities they think we should be, we shouldn't be promoting, so i'm happy to negotiate with them around the budget. just as i've done in the past. what i will not
if there is a budget package that includes the debt ceiling vote, it's not the debt ceiling that is driving the negotiations, it's stick into the budget negotiations because if you're going to take a bunch of votes any way, you might as well go ahead and stick that in there. you have never seen in the history of the united states, the debt ceiling or the threat of not raising the debt ceiling being youzed to extort a president or a governing party. and trying to force issues that have nothing...
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Jan 15, 2013
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what is failing to raise the debt ceiling? why is that going to be catastrophic? >> well, you know, first of all the stock and bond markets will really go haywire in a way they didn't when we were about to go over the fiscal cliff because government bonds are held by everybody. chinese central bank, japanese central bank, every single bank financial institution out there. so if there's any question over the value of those and they start to decline, these institutions have a great amount of leverage and interconnected with everything else and sort of see what happened in 2008. it's also this issue of, you know, who gets paid? if you start to have to say maybe soldiers get paid but not paying for the fuel or these doctors will get paid, you know, government is a huge force in our economy. like it or not. and the number of companies that would really be affected from walmart to every defense contractor to giant health care companies, if their ability to collect money that is owed to them is then put in doubt, that triggers a whole, you know, range of activities of ot
what is failing to raise the debt ceiling? why is that going to be catastrophic? >> well, you know, first of all the stock and bond markets will really go haywire in a way they didn't when we were about to go over the fiscal cliff because government bonds are held by everybody. chinese central bank, japanese central bank, every single bank financial institution out there. so if there's any question over the value of those and they start to decline, these institutions have a great amount...
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Jan 14, 2013
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one would be the debt ceiling. the second is the expiration of the continuing resolution that funds an agreement. if you can't reach an agreement, then you'd have a government shutdown. neither one of these outcomes is good. one though is immediately and totally catastrophic. that's the debt default. if republicans now -- if blackburn's comments maybe are indicative of something, if republicans now are moving away a little bit from the threat of the debt default and are now talking about the shutdown and the continuing resolution in this totally screwed up washington that we have right now with all these perverse incentives, that actually does represent progress if republicans are now only talking about a government shutdown and not a debt default. >> do you agree with that? >> i mean, not really. i know what you're saying but i don't really think we should give a lot of rewards. we citizens, we the political class, or we the media for different strains of this kind of leverage. i think the problem and it was in a
one would be the debt ceiling. the second is the expiration of the continuing resolution that funds an agreement. if you can't reach an agreement, then you'd have a government shutdown. neither one of these outcomes is good. one though is immediately and totally catastrophic. that's the debt default. if republicans now -- if blackburn's comments maybe are indicative of something, if republicans now are moving away a little bit from the threat of the debt default and are now talking about the...
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Jan 15, 2013
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ceiling. >> now the other imposition is called the debt ceiling. something most americans had not heard of before two years ago. so i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> and of course republicans tried to trick americans into believing the debt ceiling was a blank check or magic credit card for the president to go spend whatever he wanted to spend. of course, the united states constitution gives the power to spend to congress. the result is the money congress has already borrowed. president obama explained to the american people in congress how they're trying to do their actual jobs. >> these are bills that are racked up. and we need to pay them. so while i'm willing to find compromise on how to pay our debts, americans should not be stopped from paying the bills we racked up. >> the country will be in a dire situation. president obama knows t
ceiling. >> now the other imposition is called the debt ceiling. something most americans had not heard of before two years ago. so i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> and of course republicans tried to trick americans into believing the debt ceiling was a blank check or...
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president obama yet on his news conference said raising the debt ceiling will not raise our debt ceiling. all we've raised the debt, we have to may more interest. that in it/will increase the spending. we have a spending problem in this country. that's what we need to address. >> what is your biggest bone of content with john boehner? you've been very public about the fact that you don't think his leadership is something you wanted over this new congress, you didn't vote for him to be the speaker. what is your main problem with him? >> i have no personal problems. i keep hearing that. he himself said i carrying no grudges. we've talked several times. the point is to let him know with le stand up to leadership and hold him account annual. i think that's important to know. that really is on both sides of the aisle. if you go back there were people that challenged the leadership, too. i think that's a good thing. you have new members of congress willing to stand up and saying let's rethink this. let's put america first, not necessarily party politics. i fired the first volley that you would
president obama yet on his news conference said raising the debt ceiling will not raise our debt ceiling. all we've raised the debt, we have to may more interest. that in it/will increase the spending. we have a spending problem in this country. that's what we need to address. >> what is your biggest bone of content with john boehner? you've been very public about the fact that you don't think his leadership is something you wanted over this new congress, you didn't vote for him to be the...
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there's this one over the debt ceiling. there's a continuing resolution to actually fund the government. then there's sequestration. yesterday politico reporting that house gop members are gearing up for a fight over the debt ceiling, but now you have people like newt gingrich, choice of reason in the wilderness. let's play the sound. he is advocating for them not to fight over this. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. they have much better news to fight over spending. they have a continuing resolution that funds government, which comes up at the end of march, and they have this sequester that automatically cuts spending. >> gingrich isn't saying lay down your arms, but he is saying there are better battles ahead. >> he is saying you're going to lose this debt fight because -- he has said previously that the entire global world of finance is going to come into washington the week before the debt ceiling is hit and they're going to
there's this one over the debt ceiling. there's a continuing resolution to actually fund the government. then there's sequestration. yesterday politico reporting that house gop members are gearing up for a fight over the debt ceiling, but now you have people like newt gingrich, choice of reason in the wilderness. let's play the sound. he is advocating for them not to fight over this. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united...
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Jan 2, 2013
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look at the debt ceiling. republicans will be looking for serious changes whether it's raising the medicare age or something else. they will have the leverage of saying we are ready to force a catastrophic default here. seems we can't judge. the stakes in this coming fight are a lot bigger substantively than anything else. this is small potatoes. >> i couldn't agree more and the debt ceiling issue really blends the impact. businesses have a lot of cash on the balance sheet and if they can get a deal and something set in stone, that cash would be release and they would start investing. the truth is if it weren't for the polarized politics, this country is doing better than a lot of others. it's doing better than europe and emerging markets will slow down. there was an opportunity to slow down and people want to do that. businesses want to release that cash. all of this fighting adds to a sense of worry and marks about what the result is going to be. i think for two more months that's what we are in for. >> for
look at the debt ceiling. republicans will be looking for serious changes whether it's raising the medicare age or something else. they will have the leverage of saying we are ready to force a catastrophic default here. seems we can't judge. the stakes in this coming fight are a lot bigger substantively than anything else. this is small potatoes. >> i couldn't agree more and the debt ceiling issue really blends the impact. businesses have a lot of cash on the balance sheet and if they can...
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Oct 6, 2013
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>> they have to mold this into the debt ceiling. why open it up and start renegotiations on the debt ceiling? there will be negotiations. american public doesn't want to seat debt ceiling raised willie nilly. they don't understand how it works but they recognize they're spending too much and there has to be some concessions there. >> you say it has to be now, it has to be reopening the government and raising the debt ceiling, they have to be one? >> i think it makes all the sense in the world. it allows them to change the narrative a little bit. this takes the pressure off to their republicans who represent tide water in northern virginia, those areas, the employees know they'll get paid, takes a lot of pressure off them, i get paid on time, but will get paid. putting pentagon workers back. that's half the problem. half the federal employees in that area. it takes some pressure off republicans. and congress in general to get this settled by doing this piece. >> you're talking about rolling that into one thing that would address both
>> they have to mold this into the debt ceiling. why open it up and start renegotiations on the debt ceiling? there will be negotiations. american public doesn't want to seat debt ceiling raised willie nilly. they don't understand how it works but they recognize they're spending too much and there has to be some concessions there. >> you say it has to be now, it has to be reopening the government and raising the debt ceiling, they have to be one? >> i think it makes all the...
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it is absurd. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. >> house republicans continued to threaten to use the debt ceiling as a bargaining chip. house republican conference chairwoman kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of...
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and let's take it to them on the debt ceiling. that is what we'll do on the debt limit. that is where we'll fight the battle. that is where we're take it to obama, that is where we'll make him pay and get the spending cuts. remember that? that is where we're at. we're now at the debt limit. and guess what? this is not the time to fight this battle. we can't win anything on the debt limit. and when we get to march and the continuing resolution -- you know what, what will be said then? this is not the hilda fight, we don't want to be responsible for people not getting their social security checks. we don't want to be blamed for it. >> joining me now are ryan grim, washington bureau chief for "huffington post," ryan, so really, they on the debt ceiling, if all the democrats voted to raise it they would only need 18 republican votes to raise it. is that the kind of thing we're going to see happen? >> i mean, you're either going to see that or a complete and total cave. but i don't think you will see a complete and total one, because you have the tea party still hanging aroun
and let's take it to them on the debt ceiling. that is what we'll do on the debt limit. that is where we'll fight the battle. that is where we're take it to obama, that is where we'll make him pay and get the spending cuts. remember that? that is where we're at. we're now at the debt limit. and guess what? this is not the time to fight this battle. we can't win anything on the debt limit. and when we get to march and the continuing resolution -- you know what, what will be said then? this is...
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the debt ceiling deadline is coming up one week from today. tes jack lew saying default would be bad. very bad. >> if congress fails to meet its responsibility, it could deeply damage financial markets, the ongoing economic recovery and the jobs and savings of millions of americans. >> but some of the republican rank and file in both chambers still seem stuck in default denial. >> many nonpartisan economists even including some of the biggest banks of new york say if you fail to raise the debt limit, it would be a catastrophe for the world economy. that doesn't convince you enough? >> i'm not convinced that's true. >> i think it's irresponsible for any leaders from washington to indicate that america would default and not pay our debt. in fact, i think it would be reinsuring if the president would come forward and say america has never defaulted on our debt and america won't. >> we shall see. joining me california democratic congresswoman jackie speier. congresswoman, great to have you here. and you were at the white house yesterday with your
the debt ceiling deadline is coming up one week from today. tes jack lew saying default would be bad. very bad. >> if congress fails to meet its responsibility, it could deeply damage financial markets, the ongoing economic recovery and the jobs and savings of millions of americans. >> but some of the republican rank and file in both chambers still seem stuck in default denial. >> many nonpartisan economists even including some of the biggest banks of new york say if you fail...
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ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic especially as you said there's issues and not only debt ceiling, sequester and government funtding so if the president wants a deal on any of those, making a new coin to raise the debt ceiling probably wouldn't bode well for the totality of those negotiations. >> i would say minting a coin, it definitely is sort of gimmicky or silly and so is using the debt ceiling as a hostage taking technique so glad that they haven't totally ruled that out yet and use it maybe as leverage in this upcoming fight. jake, thanks so much for joining us. >> thanks, guys. >>> up next, the white house calling in
ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic...
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ceiling. >> not raising the debt ceiling is not an automatic trigger for default. that's one thing. raising the debt ceiling and default are two different, use. we have enough coming in to service our debt. principal and interest. we have more than enough to service that. >> joining me now, msnbc contributor, former economic advise adviser, and the former treasury department chief of staff, now a senior fellow at center for am scan progress. jared, we saw last week in one day the cost of short term borrowing to the treasury double. that cost doubling in one day. a cost that i think most republican members of the house of representatives don't even know about. >> exactly. that cost continues to go up. this is exactly what you would expect if we start fooling around with the debt ceiling. called a risk premium. and it means that anyone who considers lending to u.s. government historically the safest creditor in the, in the world. would, would -- want to see some extra points if you will, on their interest rate in order to be covered for the kind of risks that folks l
ceiling. >> not raising the debt ceiling is not an automatic trigger for default. that's one thing. raising the debt ceiling and default are two different, use. we have enough coming in to service our debt. principal and interest. we have more than enough to service that. >> joining me now, msnbc contributor, former economic advise adviser, and the former treasury department chief of staff, now a senior fellow at center for am scan progress. jared, we saw last week in one day the...
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so raising -- hitting the debt ceiling doesn't equal defaulting. >> now, it's true hitting the debt ceiling does not equal default but should we turn to congressman yoho from florida to tell us how to run the economy and debt ceiling. >> you know, andrea, over the course of many decades of reporting, i think the thing to do is to listen to experts. what the experts say is it would be catastrophic to hit this debt ceiling. you can have your catastrophe any way you like. if the government -- what the congressman was leading to, if the government pays interest on the debt you don't have a catastrophe in the debt market. what you end up doing pulling out one-third overnight. that would be a catastrophe for the economy. you have an immediate one, a huge cataclysm if we don't pay the interest on the debt. of course treasury secretary lew would have to say i'll pay bankers in china and not social security. say he does that to keep the sanctity of the debt in place. then the problem kicking out of the economy -- it would be a huge shock to the economy which would be a catastrophe from another direc
so raising -- hitting the debt ceiling doesn't equal defaulting. >> now, it's true hitting the debt ceiling does not equal default but should we turn to congressman yoho from florida to tell us how to run the economy and debt ceiling. >> you know, andrea, over the course of many decades of reporting, i think the thing to do is to listen to experts. what the experts say is it would be catastrophic to hit this debt ceiling. you can have your catastrophe any way you like. if the...
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they wanted to negotiate over the debt ceiling. he negotiates over the debt ceiling with them. then the negotiations blow up. the default deadline draws perilously crisis, an unprecedented crisis is averted only with a last-second deal with deep spending cuts. the president is relieved it's all over. the tea party republicans look at it differently. remember for the ones elected in 2010, this is the first time they've ever confronted the debt ceiling. they just held the president up over it and got away with it. theying in is what they get to do every time the debt ceiling comes up. that's the backdrop for what's happening right now. this morning, we're entering the fifth day the first government shutdown in nearly 18 years. it happened because john boehner's house republicans kept taking, kept passing measures that would fund the government and attaching to them provisions that would gut president obama's signature achievement, it's the health care law. obama called their bluff so here we are. there is another dead lean coming up. it's coming up fast, that itself the debt ceil
they wanted to negotiate over the debt ceiling. he negotiates over the debt ceiling with them. then the negotiations blow up. the default deadline draws perilously crisis, an unprecedented crisis is averted only with a last-second deal with deep spending cuts. the president is relieved it's all over. the tea party republicans look at it differently. remember for the ones elected in 2010, this is the first time they've ever confronted the debt ceiling. they just held the president up over it and...
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as a result a debt ceiling increase has been rolled into them as opposed to going up to the debt ceiling and saying you won't vote for it unless you get a substantive concession when the concession being remanded doesn't have to dupe with the budget as in defunding obama care. >> listen, i was never on the train on the obama care thing. i didn't think that was the right strategy. it was more senator coburn was. however if you go back to 1978, it was house democrats that took the debt limit right to within eight hours of when the was going to go up. this happened a fair number of times. i don't think it is the right way to function. the debt limit is reached because spending and, expenses, revenue and expenses are not in balance. and the, the debt limit is really just a symptom of -- of a process that's severely broken. >> a process that emanates article one branch, united states congress, house of representatives, including the congressman. thank you for your time tonight. i really enjoyed it. joining me congresswoman maxine waters, democrat from california. and congresswoman, what is yo
as a result a debt ceiling increase has been rolled into them as opposed to going up to the debt ceiling and saying you won't vote for it unless you get a substantive concession when the concession being remanded doesn't have to dupe with the budget as in defunding obama care. >> listen, i was never on the train on the obama care thing. i didn't think that was the right strategy. it was more senator coburn was. however if you go back to 1978, it was house democrats that took the debt...
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but now, i thought for a while that we wouldn't hit the debt ceiling limit. now i think we might crash into it, but it will probably not go on too long. but i think eventually the democrats will negotiate on budget issues and there will be some kind of an agreement, whether -- no grand bargain but some agreement. >> do we hit the debt ceiling, do you think, matt? >> we might. it doesn't mean that we'll default. it means that you have to prioritize for a couple of days while the nation freaks out. >> well, and to be fair, the international economy freaks out. woe saw what happened the last time when we came up against it. this isn't something that just resonates in our stock market and 401(k), this is something with global implications. >> ultimately we're not going to default and no one is worried or betting america is going to default. that's just not going to happen. >> i agree. i think we're not going to default. i'm not positive, but i think that we're not going to default. but i think it's important to keep your eye on the markets. i think we generally t
but now, i thought for a while that we wouldn't hit the debt ceiling limit. now i think we might crash into it, but it will probably not go on too long. but i think eventually the democrats will negotiate on budget issues and there will be some kind of an agreement, whether -- no grand bargain but some agreement. >> do we hit the debt ceiling, do you think, matt? >> we might. it doesn't mean that we'll default. it means that you have to prioritize for a couple of days while the...
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Oct 17, 2013
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and raise the debt ceiling. banner had refused a vote on that. most republicans did not like the idea and wanted to keep adding more ransom demands. none of which they got. finally, wednesday night, tonight, john boehner said he would allow a vote to raise the debt ceiling. tonight he finally did it. the white house had insisted that there are no winners, but nobody is coming out on top and it may be true that nobody wins here. but somebody definitely lost here, and the story of john boehner leading the house republicans since the got control of congress in 2011 is a remarkable story of failure. we have not had two near defaults, two brushes up against the debt ceiling, one government shutdown and no legislation of any significance at all since he has been speaker. he has been unable to roll back any accomplishments of the democrats on that time. the means by which john boehner has failed over the past three years have been public, all happening in the open. we ought to be able to predict them, but it's always s
and raise the debt ceiling. banner had refused a vote on that. most republicans did not like the idea and wanted to keep adding more ransom demands. none of which they got. finally, wednesday night, tonight, john boehner said he would allow a vote to raise the debt ceiling. tonight he finally did it. the white house had insisted that there are no winners, but nobody is coming out on top and it may be true that nobody wins here. but somebody definitely lost here, and the story of john boehner...
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Oct 15, 2013
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ceiling, we will default on our debt. we won't. we'll continue to pay our interest. >> we are not going to default from the public debt, but that doesn't mean that we have to pay every bill the day it comes in, 100 cents on the dollar. >> in fact, house republicans even passed a bill in may called the full faith and credit act, requiring the treasury to prioritize payments to creditors, rather than, say, medicaid payments to doctors, in the event of a debt ceiling breach. >> this bill requires, not allows, requires treasury to continue to pay principal and interest on existing debt if and only if we hit the debt ceiling before a deal is reached. this is a backstop that takes default off the table. >> now in isolation, that sounds almost reasonable, doesn't it? it's not. it's nonsense, and here's why. think for just a second about how massively complicated it is to deal with all of the money flowing through the united states government every single day. you've got intakes like payroll taxes and bond purchases coming in and
ceiling, we will default on our debt. we won't. we'll continue to pay our interest. >> we are not going to default from the public debt, but that doesn't mean that we have to pay every bill the day it comes in, 100 cents on the dollar. >> in fact, house republicans even passed a bill in may called the full faith and credit act, requiring the treasury to prioritize payments to creditors, rather than, say, medicaid payments to doctors, in the event of a debt ceiling breach. >>...
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means and what the debt ceiling battle actually means. because it's really about paying our bills. it's not about necessarily increased spending. when you look across this economy, when you take a look at the fact that out of those 7.5 million jobs that the president's touting this morning, you know, about 1 million of those jobs are manufacturing and auto. but a lot of those jobs are part-time jobs. a lot of those jobs are, like, fast food jobs. what's missing from this recovery is the kind of infrastructure spending, the kind of robust government support of important infrastructure and rebuilding of america that's been a part of every recovery in the history of this country. that's what's missing here. that's really where we need to continue to push this fight. the debt ceiling to me is kind of a distraction from what the real challenges are around this economy. i hope that the president will continue to push the envelope with republicans and with members of congress so we can actually get to the real work of making sure that we're crea
means and what the debt ceiling battle actually means. because it's really about paying our bills. it's not about necessarily increased spending. when you look across this economy, when you take a look at the fact that out of those 7.5 million jobs that the president's touting this morning, you know, about 1 million of those jobs are manufacturing and auto. but a lot of those jobs are part-time jobs. a lot of those jobs are, like, fast food jobs. what's missing from this recovery is the kind of...
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it is a very good thing that we're not going the breach a debt ceiling. i never thought i would say thank god for the government shutdown. but thank god there was some other arena that was less damaging to the country that the republicans could, as rachel maddow likes to put it, get er in -- their yahyas out. certainly the country is not having a victory right now, even if we're not having quite the catastrophic defeat we could be. >> the temper tantrum on the shutdown which is an awful thing. ezra klein, thank you. >> thank you. >>> coming up, we will talk to a congressional democrat who had a thing or two to say to the president at their meeting yesterday at the white house. as house republicans are expected at the white house any moment now. [ male announcer ] playing in the nfl is tough. ♪ doing it with a cold, just not going to happen. ♪ vicks dayquil powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow... [ coughs ] [ male announcer ] ...you can't let a cold keep you up tonight. ♪ vicks nyquil powerf
it is a very good thing that we're not going the breach a debt ceiling. i never thought i would say thank god for the government shutdown. but thank god there was some other arena that was less damaging to the country that the republicans could, as rachel maddow likes to put it, get er in -- their yahyas out. certainly the country is not having a victory right now, even if we're not having quite the catastrophic defeat we could be. >> the temper tantrum on the shutdown which is an awful...
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and raise the debt ceiling. banner had refused a vote on that. most republicans did not like the idea and wanted to keep adding more ransom demands. none of which they got. finally, wednesday night, tonight, john boehner said he would allow a vote to raise the debt ceiling. tonight he finally did it. the white house had insisted that there are no winners, but nobody is coming out on top and it may be true that nobody wins here. but somebody definitely lost here, and the story of john boehner leading the house republicans since the got control of congress in 2011 is a remarkable story of failure. we have not had two near defaults, two brushes up against the debt ceiling, one government shutdown and no legislation of any significance at all since he has been speaker. he has been unable to roll back any accomplishments of the democrats on that time. the means by which john boehner has failed over the past three years have been public, all happening in the open. we ought to be able to predict them, but it's always s
and raise the debt ceiling. banner had refused a vote on that. most republicans did not like the idea and wanted to keep adding more ransom demands. none of which they got. finally, wednesday night, tonight, john boehner said he would allow a vote to raise the debt ceiling. tonight he finally did it. the white house had insisted that there are no winners, but nobody is coming out on top and it may be true that nobody wins here. but somebody definitely lost here, and the story of john boehner...
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Sep 27, 2013
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>> reporter: the shutdown could hurt them -- >> the debt ceiling fight is even worse. >> reporter: yes, if the debt limit -- if that was not renewed and you had an economic ka tras trow fee at the hands of the house conservative wing, that could in fact perhaps get the democrats in the house. that's what democrats think, steve israel sort of said that, that he believes that's where the best chance of winning back the house is. but from folks i've spoken to, they don't think mitch mcconnell and john boehner will do that. if you do not extend the debt limit, all of the new york republican money, that is going to say, hey, come on, guys, this is insane. we can't have this. you'll kill off our entire livelihoods there and that money, not as loud as heritage action money, still has a lot of power within republican politics. >> i'm curious, luke, how frustrated senators like mccain and mcconnell are. we've seen kind of a fundamental shift in the senate where they are normally known as being the grown-ups in the room with the house. and you have the tea partyiers and cruz and paul and rubio w
>> reporter: the shutdown could hurt them -- >> the debt ceiling fight is even worse. >> reporter: yes, if the debt limit -- if that was not renewed and you had an economic ka tras trow fee at the hands of the house conservative wing, that could in fact perhaps get the democrats in the house. that's what democrats think, steve israel sort of said that, that he believes that's where the best chance of winning back the house is. but from folks i've spoken to, they don't think...
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Jan 5, 2013
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dynamite with the debt ceiling. >> is the glass full or half empty. >> tax increases destroy jobs. >> we always assume the republicans have the leverage in the debt ceiling negotiations. >> i will not have another debate with this congress. they should pay the bills they have already racked up. >> he is the president. >> class a statesmanship. >> it is the time to rise. >> will the 113th congress be any less dysfunctional than the 112th? >>> with the fiscal cliff or curve or slope or whatever you want to call it, i'm glad we don't have to have this debate anymore. newly -- with that behind us, newly reelected house speaker john boehner held his first closed door meeting with the 112th caucus to discuss this new year's resolution from president obama. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. >> sources inside the morning's republican caucus meeting say boehner told his members he will again use the debt limit as leverage to cut spending. so here is tea
dynamite with the debt ceiling. >> is the glass full or half empty. >> tax increases destroy jobs. >> we always assume the republicans have the leverage in the debt ceiling negotiations. >> i will not have another debate with this congress. they should pay the bills they have already racked up. >> he is the president. >> class a statesmanship. >> it is the time to rise. >> will the 113th congress be any less dysfunctional than the 112th?...
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. >> for secretary jack lew, we are not going to be negotiating over the debt limit. >> it is debt ceiling by mid-october. >> this is the loomingge
. >> for secretary jack lew, we are not going to be negotiating over the debt limit. >> it is debt ceiling by mid-october. >> this is the loomingge
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perhaps a three-month debt ceiling bill. something to move the ball along and open a window for negotiation. the problem is the conservative grassroots would catch on fire. it would not be -- it would be so many problems internally with some of the groups. >> are you saying, chuck, that the republican party has to be stripped bare, broken down, and destroyed? destroyed? >> boy, that's -- >> the approval rating in the 20s until john boehner and some other people in washington, d.c. have the guts to stand up to the extremes in their own party and say, listen, i'm not going to let the conservative cause and the republican party be destroyed by your false hopes of shutting down the government and defaulting on the debt to stop obama care. it's not going to happen. >> when the divide -- >> ronald reagan would have done it. george w. bush would have done this. >> they have been quiet. >> i have faulted george w. bush. he would have brought ted cruz into the white house and in two seconds said, boy, go back to the hill and talk whe
perhaps a three-month debt ceiling bill. something to move the ball along and open a window for negotiation. the problem is the conservative grassroots would catch on fire. it would not be -- it would be so many problems internally with some of the groups. >> are you saying, chuck, that the republican party has to be stripped bare, broken down, and destroyed? destroyed? >> boy, that's -- >> the approval rating in the 20s until john boehner and some other people in washington,...
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the debt ceiling is a catastrophe. the last time we had this, we solved it by painful bipartisan negotiations. that is the way to get out of this debt ceiling. i think it's the president's job to knock heads. republicans won't get much, but they'll get something. they'll give up a lot. but the democrats can't be in a we won't negotiate harry reid kind of way. >> but they passed the full faith and credit act to ensure that if we go over the debt limits, the debts would be paid, and the democrats uniformly oppose that because they want to make everything as frightening and painful as possible. they complain about the nih not having funding. republicans want to fund the nih but the democrats oppose it. it's the cynicism and intransigence show. >> let's be clear. they pillaried the senate for not having a budget. we passed a budget, the senate passed a budget six months ago. they ignored it. we would not be where we are today had they gone to conference and had a budget. >> no, no, the house has passed a bill to fund the n
the debt ceiling is a catastrophe. the last time we had this, we solved it by painful bipartisan negotiations. that is the way to get out of this debt ceiling. i think it's the president's job to knock heads. republicans won't get much, but they'll get something. they'll give up a lot. but the democrats can't be in a we won't negotiate harry reid kind of way. >> but they passed the full faith and credit act to ensure that if we go over the debt limits, the debts would be paid, and the...
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i voted against the debt ceiling all the time. i think we've been around, though, this -- we've been to this rodeo enough to know how it ends. >> the numbers of people signing up for the affordable care act are up. >> that's exciting. this weekend we were talking about that, right? >> it's actually significant. because it could undermine -- undermine a few things that you've said here at the table. just for balance. >> "the new york times" had an article yesterday, i think it was, saying that it's -- >> look at the "l.a. times." >> -- that they're overpromising. talk about that -- we had that "new york times" article yesterday that said, yeah, the numbers appear to be up. but -- >> under their projections there need to be 7 million americans signed up by the end of march. i think they're at 300,000 or some number like that right this minute. >> we were talking about education in america, mika. >> yes, yes. >> i think more importantly than that, "anchor man 2." you went to see "anchor man 2" last night. what's the review. >> i was
i voted against the debt ceiling all the time. i think we've been around, though, this -- we've been to this rodeo enough to know how it ends. >> the numbers of people signing up for the affordable care act are up. >> that's exciting. this weekend we were talking about that, right? >> it's actually significant. because it could undermine -- undermine a few things that you've said here at the table. just for balance. >> "the new york times" had an article...
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wait till the debt ceiling debate. that is going to be a very difficult debate when we get to it. >> we're out of time, steve. on a scale of one to ten with ten being nuclear, how bad is the debt ceiling debate going snob. >> i'd say it's going to be about an eight. hopefully the republicans will listen to what obama said last night and not play politics with something that's very important for our economy. >> gentlemen, good to see you. >> day four in the hospital for hillary clinton after doctors found a blood clot in her brain. this is an uncommon complication from a concussion but doctors say she is doing well. >> our chief health correspondent is with me. bob, robert, how's she doing? what's going on? >> we have no word, other than what they're saying she's good. it wouldn't be unusual for someone to be in the hospital this long because adjusting the blood thin ser a difficult and common task. >> so people shouldn't read too much into it that she's been in the snopt. >> not at all. it takes a while to get the dose
wait till the debt ceiling debate. that is going to be a very difficult debate when we get to it. >> we're out of time, steve. on a scale of one to ten with ten being nuclear, how bad is the debt ceiling debate going snob. >> i'd say it's going to be about an eight. hopefully the republicans will listen to what obama said last night and not play politics with something that's very important for our economy. >> gentlemen, good to see you. >> day four in the hospital for...
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where this really gets interesting, though, is more the debt ceiling. it's one thing for ted cruz to have the shutdown on their hands. nobody wants a debt ceiling collapse on their hands. >> can you report now or analyze the fact he seems to be responding in that interview for the first time there to the heat the republican establishment is putting on the politicians here. i mean the house republicans especially, but both of them that they cannot bring down our american economy and call themselves americans. there he is for the first time pushing back against default. whereas before, that's the thing he wanted to put the obama care stuff right on. the debt ceiling, targeted it. >> that's a good point. >> so i think he's moved back a bit according to your piece on the front page is what i'm talking about. >> look, i think he is trying to suggest to republicans there, too, you might not like me or my tactics, but i don't want to see the country default either. >> that's also a message to the more party. >> cruz also seems incapable of answering any questi
where this really gets interesting, though, is more the debt ceiling. it's one thing for ted cruz to have the shutdown on their hands. nobody wants a debt ceiling collapse on their hands. >> can you report now or analyze the fact he seems to be responding in that interview for the first time there to the heat the republican establishment is putting on the politicians here. i mean the house republicans especially, but both of them that they cannot bring down our american economy and call...
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. >>> the so-called fiscal cliff may be behind us, but the next round of the debt ceiling debate looms large in the near future. i'll ask the co-chair for the campaign to fix the debt what lies ahead. >>> and report that tim geithner will leave before that battle has many wondering how that could affect the economy. >>> if you think hillary's departure of the secretary of state will leave the country without a clinton on center stage, think again. >>> and "office politics." i talk to al roker from everything from the fiscal cliff to the first one-on-one he scored with the president after his short inauguration. good morning, welcome to "weekends with alex witt." we have front page politics. with the fiscal cliff deal behind us, president obama is turning his attention to the next battle in today's weekly address, the debt ceiling. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already wracked up. if congress refuses to give the united states the ability to pay its bill on time, consequences for the entire global economy could be ca
. >>> the so-called fiscal cliff may be behind us, but the next round of the debt ceiling debate looms large in the near future. i'll ask the co-chair for the campaign to fix the debt what lies ahead. >>> and report that tim geithner will leave before that battle has many wondering how that could affect the economy. >>> if you think hillary's departure of the secretary of state will leave the country without a clinton on center stage, think again. >>> and...
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you have the debt ceiling. buff that, though, if we could come to some kind of agreement, there's the prospect of a shutdown. if you think back two years ago to the summer of 2011, the debt ceiling and all of that. this is sounding different to me. it feels different than two years ago, and we're hearing republicans all right, republicans in the senate like john mccain. -- who are sort of saying, no, we don't want to go down this road again. obama i think is trying to capitalize on that, sort of employed that. >> john boehner has just said he's happy to have another fight here. >> i think the game is trying to exploit the dissension and isolate boehner and worry about the pressure on them. >> professor dyson, boehner said it was an empty easter egg. today he says it's all sizzle and no steak. when is he going to come forward with something constructive for the future of this nation. >> his met 'phoric meandering, pulling a rabbit out of a has, so to speak, i think steve is right, that first you have the showdow
you have the debt ceiling. buff that, though, if we could come to some kind of agreement, there's the prospect of a shutdown. if you think back two years ago to the summer of 2011, the debt ceiling and all of that. this is sounding different to me. it feels different than two years ago, and we're hearing republicans all right, republicans in the senate like john mccain. -- who are sort of saying, no, we don't want to go down this road again. obama i think is trying to capitalize on that, sort...
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that said, we still have the debt ceiling looming coming up in the early spring and republicans are already sending signals that they're going to demand something from democrats and the administration in exchange for raising the debt ceiling. so it doesn't look like we're entirely out of this fiscal crisis after fiscal crisis woods yet. >> if we talk about specifically this bipartisan budget deal and the specific attention-getting item here is the cuts to military pensions. and that's really drawing fire from both democrats and republicans. i want to play for everybody -- >> we're in a big hurry around here to show you how
that said, we still have the debt ceiling looming coming up in the early spring and republicans are already sending signals that they're going to demand something from democrats and the administration in exchange for raising the debt ceiling. so it doesn't look like we're entirely out of this fiscal crisis after fiscal crisis woods yet. >> if we talk about specifically this bipartisan budget deal and the specific attention-getting item here is the cuts to military pensions. and that's...
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he has said we're not going to negotiate over the debt ceiling. and give me a continuing resolution. and he's pretty much stuck to that line. so, you know, we'll see how it progresses. >> gene, let me ask a follow-up on the president and the debt ceiling. is there any fear, are you hearing any fear among democrats, that the white house and democrats on capitol hill will ultimately cave on this steadfast position of not negotiating over the debt ceiling? >> well, i think there's always that fear. and i have heard that fear, jonathan. but, you know, what's different here is that what the republicans want to extract is either a delay or dismantling of the president's signature legislation. they want to trade a delay in the implementation of obamacare for a rise in the debt ceiling. and, you know, that is one thing the president, you know, really cares about a lot. and it is difficult to imagine him backing up very far on the question of his most significant legislation. >> professor peterson, final question to you. the president talked and a lot of p
he has said we're not going to negotiate over the debt ceiling. and give me a continuing resolution. and he's pretty much stuck to that line. so, you know, we'll see how it progresses. >> gene, let me ask a follow-up on the president and the debt ceiling. is there any fear, are you hearing any fear among democrats, that the white house and democrats on capitol hill will ultimately cave on this steadfast position of not negotiating over the debt ceiling? >> well, i think there's...